VeriChip, the company that markets a microchip implant that links to your online health records, has acquired a credit monitoring and anti-identity theft company, Steel Vault. The combined company will operate under a new name: PositiveID.

This company now has tremendous power, creating a single microchip that can hold a person’s most private and sensitive health and financial information. Acquiring this power is met with criticism, as PositiveID could link or cross-check patient health records (from the HealthLink chip) to people’s credit scores. This technology could do extreme good; or, if used inappropriately, extreme evil.